# Virginia SB828: Income tax, state; housing opportunity tax credit, sunset extended.

Virginia SB828, Income tax, state; housing opportunity tax credit, sunset extended., is a 2025 Regular Session Senate bill sponsored by Mamie E. Locke (Democratic); status failed, last action 2025-02-05 (Left in Finance and Appropriations) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/VA-SB828-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB828
- State: Virginia
- Session: 2025 Regular Session
- Title: Income tax, state; housing opportunity tax credit, sunset extended.
- Status: failed
- Chamber: Senate
- Introduced: 2024-12-31
- Last action: 2025-02-05, Left in Finance and Appropriations
- Sponsor: Mamie E. Locke (Democratic)
- Cosponsors: 0
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Income tax; housing opportunity tax credit; sunset extended. Extends the housing opportunity tax credit sunset date from taxable year 2025 to taxable year 2030. The bill also increases the aggregate credit cap across all calendar years from $255 million to $1.505 billion and imposes an annual aggregate credit cap of $250 million in each calendar year between 2026 and 2030. The bill also provides that of the $250 million in credits authorized per calendar year from 2026 through 2030, 33 percent shall be reserved for qualified projects located in a geographic area within the Balance of State Pool, defined in the bill. This bill is a recommendation of the Virginia Housing Commission.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Mamie E. Locke (Democratic), Senate

## Actions (4)

- 2025-02-05: Left in Finance and Appropriations (Senate)
- 2025-01-15: Impact statement from TAX (SB828) (Senate)
- 2024-12-31: Referred to Committee on Finance and Appropriations (Senate)
- 2024-12-31: Prefiled and ordered printed; Offered 01-08-2025 25103999D (Senate)

## Bill text

- Introduced, 2024-12-31: [HTML](https://lis.blob.core.windows.net/files/1012150.HTML), [PDF](https://lis.blob.core.windows.net/files/1012149.PDF)

## Related bills

- HR671: Commending JR's Auto Care. (adopted)
- SB941: Robbery; use of air or gas operated weapon, etc., penalty. (failed)
- HB1746: Public safety officer; definition. (failed)
- HB1600: Budget Bill. (failed)
- SB1449: Data centers; site assessment for high energy use facility. (failed)
- HB1609: Essential health benefits benchmark plan; Commission to consider coverage for infertility treatment. (to governor)

## Sources
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1012150.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1012149.PDF)

## Related
- [HR671: Commending JR's Auto Care.](https://policyrisk.com/state-bill/VA-HR671-2025)
- [SB941: Robbery; use of air or gas operated weapon, etc., penalty.](https://policyrisk.com/state-bill/VA-SB941-2025)
- [HB1746: Public safety officer; definition.](https://policyrisk.com/state-bill/VA-HB1746-2025)
- [HB1600: Budget Bill.](https://policyrisk.com/state-bill/VA-HB1600-2025)
- [SB1449: Data centers; site assessment for high energy use facility.](https://policyrisk.com/state-bill/VA-SB1449-2025)
- [HB1609: Essential health benefits benchmark plan; Commission to consider coverage for i…](https://policyrisk.com/state-bill/VA-HB1609-2025)
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Source: PRIA, https://policyrisk.com/state-bill/VA-SB828-2025 (as of 2026-10-17).